Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Verdes Management (VMP) has since its AIM admission in 2005 been a total dog. Different management teams have run different models and all have ended in failure. The last chump in charge was Dave Breith of Coms (COMS) infamy. But that is all changing. The shares YESTERDAY weere consolidated and relisted following a RTO by React (REAT) - the company's new name as of today. A refinancing was completed at 1.68p. The shares are a buy at up to 2p with a target to sell of 3.3p before the autumn is too well progressed.
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Comments
B Sanderson
DB was never in charge just a shareholder. Although he may have sold out yesterday.
alcira16247
Nice tip, guys!
What a great combination, Adam Reynolds and a specialist high margin business, with a hefty war chest ……. enuff said!
Well worth a punt …… a grand’s worth tucked away in the bottom draw for a few years for me!
Andrew Kennedy
Existing subscribers were given just over a day’s head start on this one. Since then it has been sent round by advfn as a tip of the day around 11am and then listed on here. For a thinly traded stock I don’t think that this is enough time to build a position, especially given the wide spreads that often come on the first day of trading.
Surely there should be a minimum lag before being sent round for free, if not what us the point in paying for the service?
Chris Standing
Bit of movement starting now, in for 100,000 shares, maybe last chance to buy at 1.65p, price moves very quickly on small volume, any sustained buying should see this climb.